[ET Net News Agency, 27 May 2021] J.P. Morgan raised its target price for Xiaomi
(01810) to HK$35 from HK$32 and maintained its "overweight" rating.
The research house said Xiaomi has been performing well in international markets
(Europe, S.E. Asia and India). With Huawei's vacancy in the smartphone market, it believes
that Xiaomi could see strong smartphone share gains in China. This could also re-ignite
growth in its internet services' revenues in the mid to long term. (RC)